Reforming the International Financial Architecture: Chinese Perspectives and Broader Developing Country Interests
The international financial architecture has long been ripe for reform, and several reform tracks are currently evolving with the potential to tackle some of the most debated issues. China, which among the top shareholders in all the architecture’s key institutions, is the world’s second-largest economy and the largest official bilateral creditor, plays a critical role in reform discussions. In this report, we discuss central reform issues and consider the Chinese perspectives and their relevance to broader developing country interests. The report concludes that China is actively involved and supports reform initiatives but is wary of changes that move around the bigger issue of country representation and voting.
Implementing Economic Security in Norway: Lessons from Japan
While few OECD countries have experiences in making a shift to economic security and operationalizing the term, Japan is an outlier. Japan was the first country to implement legislation on economic security with the Economic Security Protection Act (ESPA), in 2022. As a first mover, Japan stands out as one of the few cases to draw on in developing lessons learned and identifying the challenges in putting economic security into practice. In this report, we consider how economic security has been implemented in Japan, the development of a holistic whole-of-government approach, and the importance of developing a uniform conceptualization of economic security adopted coherently across public and private organizations. Subsequently, we briefly examine the perspectives of the Nordic states and their respective evolving approaches to economic security. Finally, we outline some lessons learned and key experiences and discuss their relevance for the Norwegian context.
Implementing Economic Security in Norway: Lessons from Japan
While few OECD countries have experiences in making a shift to economic security and operationalizing the term, Japan is an outlier. Japan was the first country to implement legislation on economic security with the Economic Security Protection Act (ESPA), in 2022. As a first mover, Japan stands out as one of the few cases to draw on in developing lessons learned and identifying the challenges in putting economic security into practice. In this report, we consider how economic security has been implemented in Japan, the development of a holistic whole-of-government approach, and the importance of developing a uniform conceptualization of economic security adopted coherently across public and private organizations. Subsequently, we briefly examine the perspectives of the Nordic states and their respective evolving approaches to economic security. Finally, we outline some lessons learned and key experiences and discuss their relevance for the Norwegian context.
NUPI’s Russia conference 2024: Wartime Russia – weak or strong?
Join us on 22 October for the annual Russia conference.
Rebundling sovereignty over local nature in global governance (RESOLVING)
How does the global governance of nature transform the exercise of sovereign power? ...
Breakfast seminar: How to Stop Corporate Tax Evasion and Ensure Fair Global Taxation?
Every year, the world loses $311 billion as multinational companies—often entirely legally—move money to tax havens, even though the profits are earned in other countries.